Latest property news – Page 26
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NewsProperty giants Westfield and Landsec prepare for shopping centre reopenings
Shopping centre owners Westfield and Landsec are drawing up plans to reopen their malls as lockdown measures ease.
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NewsLess than half of UK consumers comfortable with returning to stores
Fewer than half of UK adults would be comfortable returning to retail environments, even with social distancing measures in place, due to the coronavirus pandemic, exclusive research for Retail Week has found.
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NewsWHSmith sales decimated by coronavirus as first-half profits dip
WHSmith’s sales have been obliterated by the coronavirus as lockdown restrictions decimated its travel division.
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NewsLandsec reveals hole in portfolio and warns of lengthy recovery
Institutional landlord Landsec has revealed a near £1.2bn hole in its property portfolio and warned that it does not expect the economy to recover to pre-coronavirus levels until 2022 at the earliest.
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NewsRetail footfall plummets to record low as lockdown bites
Retail footfall plummeted to an all-time low in April, as shoppers adhered to lockdown restrictions and stayed at home.
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NewsRetail vacancy rates inch up as BRC warns of worse to come
Retail vacancy rates have inched up during the first quarter of the year, with the ongoing coronavirus pandemic likely to cause further damage according to the BRC.
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NewsDebenhams to shut stores in Hammerson centres at cost of 1,400 jobs
Debenhams is to shut five stores in some of the UK’s most-high profile malls after failing to agree on terms with landlord Hammerson, Retail Week can reveal.
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NewsCustomer limits and no-contact returns policies on agenda for store reopenings
A limit on the number of customers allowed in a store at any one time and no-contact returns are just some of the measures being considered by the government ahead of any non-essential store reopenings.
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NewsHomebase reopens store estate as it emerges from lockdown
DIY retailer Homebase is expected to have reopened all of its shops over the weekend, with measures in place to protect shoppers.
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NewsIntu drafts in restructuring expert in battle for survival
Intu has drafted in a chief restructuring officer in a bid to beef up its turnaround efforts.
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NewsIntu could lose control of key shopping centres
Bondholders of debt secured against retail property giant Intu are preparing plans that could see them seize the retailer’s key assets as early as June.
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NewsSunday trading hours to be reviewed to smooth food shopping
Business secretary Alok Sharma has begun a review of Sunday trading restrictions to enable grocers to operate more effectively during the coronavirus outbreak and its aftermath.
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NewsJohn Lewis and Greggs prepare to reopen stores as lockdown eases
Department store business John Lewis is making plans to reopen stores next month as other retailers also move out of the coronavirus lockdown.
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NewsHammerson’s £400m retail park deal in doubt as buyer tries to pull out
Institutional landlord Hammerson has said the previously agreed £400m sale of its retail park portfolio is hanging by a thread, as the prospective buyer is looking to pull out of the deal.
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NewsUK retail parks weather lockdown better than high streets
Retail footfall across the UK fell to the lowest levels on record in March, although retail parks were better able to weather the storm compared with high streets and shopping centres.
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NewsUK retail footfall plummets to all-time low due to coronavirus lockdown
Retail footfall across the UK slumped to an all-time low in March as the impact of the coronavirus lockdown hit the high street hard.
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NewsBoots to temporarily shut 60 stores and redeploy pharmacists
Boots will temporarily close 60 stores in city and shopping centre locations over the next week.
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NewsWHSmith launches equity fundraising to beat coronavirus downturn
WHSmith plans to raise cash through an equity issue as it battles the business impact of the coronavirus outbreak.
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NewsCoronavirus: Sainsbury’s pilots deliveries from ‘dark’ c-stores
Sainsbury’s is testing home deliveries through its rapid Chop Chop service from ‘dark’ convenience stores.
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NewsCoronavirus: Poundland puts 100 stores into ‘hibernation’
Poundland is placing 100 of its stores into “hibernation” this week as part of efforts to stem the spread of coronavirus, Retail Week can reveal.